Ethereum has dumped back to comfort in the $3K handle, after a very weak attempt to hold the low 
4K's. We smashed through our support level at $3861 and have found support at a relative low at $3765, which we have added as another technical level. There is a lack of buyback to this dip, which should be worrisome for bulls. If we tumble further, there is a vacuum zone below to $3646, then we should have further support at $3563. The Kovach OBV has dropped notably, as has the Kovach Chande, so we will need to see some serious bull momentum come through in order to recover the 4K handle.
4K's. We smashed through our support level at $3861 and have found support at a relative low at $3765, which we have added as another technical level. There is a lack of buyback to this dip, which should be worrisome for bulls. If we tumble further, there is a vacuum zone below to $3646, then we should have further support at $3563. The Kovach OBV has dropped notably, as has the Kovach Chande, so we will need to see some serious bull momentum come through in order to recover the 4K handle.
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Join my discord at discord.io/quantguy
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.